Accounting help

The following financial information is for Carla Vista Company. Carla Vista Company Balance Sheets December 31 Assets 2022 2021 Cash $ 84,700 $78,650 66,550 48,400 108,900 Debt investments (short-term) Accounts receivable (net) Inventory Prepaid expenses Land 125,840 278,300 199,650 30,250 27,830 157,300 157,300 314,600 Building and equipment (net) 223,850 Total assets $1,057,540 $844,580 $205,700 $145,200 62,920 78,650 48,400 Liabilities and Stockholders' Equity Notes payable (current) Accounts payable Accrued liabilities Bonds payable, due 2025 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity 302,500 242,000 48,400 205,700 242,000 140,360 180,290 $1,057,540 $844,580 Carla Vista Company Income Statement For the Years Ended December 31 2022 2021 Net sales $1,067,220 774,400 $955,900 695,750 Cost of goods sold Gross profit 292,820 260,150 Operating expenses 229,900 202,070 Net income $ 62,920 $ 58,080 Additional information: 1. 2. 3. Inventory at the beginning of 2021 was $139,150. Accounts receivable (net) at the beginning of 2021 were $104,060. Total assets at the beginning of 2021 were $798,600. No common stock transactions occurred during 2021 or 2022. All sales were on credit. 4. 5. (a) Indicate, by using ratios, the change in liquidity and profitability of Carla Vista Company from 2021 to 2022. (Round Current ratio, Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 2021 LIQUIDITY :1 times Current ratio Accounts receivable turnover Inventory turnover PROFITABILITY times Profit margin % times Asset turnover Return on assets Earnings per share % $ 9 Save for Later Attempts: 0 of 3 used Submit